Posted by RoboTop > 2020-07-21 21:19 | Report Abuse

Now we know the rationale why Affin-Hwang was willing to purchase Presbhd even at 48.5c earlier.

Posted by RoboTop > 2020-07-21 21:25 | Report Abuse

@enchopls....
on the other side, there are more ticket which cost is 0.35 can be sold at open market....
21/07/2020 9:05 PM

No....the CEO is not allowed to liquidate his shares in the open market immediately. He has to hold and retain the shares for a few years.

Posted by Syabas1781 > 2020-07-21 21:52 | Report Abuse

If SKIN is not reinstate, why it need to enlarge so much capital ? If Dr Abu Hasan has to fork out so much money via bank financing, it means both Dr Abu Hasan and the financing bank have a very good confidence in Prestariang's future. He sure will put a heavy bet on a company that has no future or unable to get back his investment.

Posted by Syabas1781 > 2020-07-21 21:55 | Report Abuse

He sure will 'not' put a heavy bet on a companny that has no future or unable to get back his investment.

Posted by thanos2020 > 2020-07-21 22:02 | Report Abuse

wonder what happened to the madman prestariangameover... he keep shouting game over multiple times a day and insulted the sifus/loyalists who kept the faith....

Now looks like presbhd is growing stronger everyday.... congrats to everyone who is still holding on despite the noises created by all these tin kosong...

Posted by Syabas1781 > 2020-07-21 22:05 | Report Abuse

Looks like we all don't have to wait until Jan next year to know the outcome.

Posted by zerocool7199 > 2020-07-21 22:11 | Report Abuse

It wont drag to jan next year la..it would be out of court settlement in very soon.not believe?ok lets see am i right

Posted by Bemillion > 2020-07-21 22:13 | Report Abuse

Agreed with Robotop.... Well deliberate

Posted by Bemillion > 2020-07-21 22:31 | Report Abuse

zerocool7199 .DescriptionPRESTARIANG BERHAD ("PRESTARIANG" OR THE "COMPANY") - HEADS OF AGREEMENT BETWEEN PRESTARIANG AND DR. ABU HASAN BIN ISMAIL IN RELATION TO THE PROPOSED SUBSCRIPTION OF 79,579,740 NEW ORDINARY SHARES IN PRESTARIANG, REPRESENTING APPROXIMATELY 15% OF THE TOTAL ISSUED SHARES OF PRESTARIANG
21/07/2020 7:34 PM

This is good news bro. Why? Reflected in the strong buy indicators in today dealing.

A way of the company raising capital to strategise compny bz stance without diluting the share ie not through Right Issues RI as mentioned by Robotop.

Thats why the value uptrend. .this is very good news..something big is brewing..

. Tomrow limit up..

Why? Via HOA... Win win.. the CEO acquired all 80 mil share on his capacity representing 15% of the total share in the market, pay the company amounting to RM 27.85 mil without diluting the share and this strategy further consolidate the working capital for in coming new projects etc....either barter trade with the CA but of the same or more values stipulated in the CA as agreed and deemed profitable to the company...
.
Stay put bro.... Presbhd leaving port heading north.

Posted by Bemillion > 2020-07-21 22:38 | Report Abuse

The price .35 is in accordance to HOA governs the acquired transaction between the Prestariang Compny and CEO directly ... And this is good. Why?Good for the conpany a way for capital raising without the need for RI.

Limit up comning....

Posted by Bemillion > 2020-07-21 22:39 | Report Abuse

I conccured Robotop analysis.. Great job Robo for highlighting . Hope its beneficial all

Posted by cicakman > 2020-07-21 22:57 | Report Abuse

Sail away from the safe harbour,catch the trade winds in your sails.Dreams ,Explore and Discover without consenting to loose sight of the shore for a long time.


Limit Up Ver.2.0

Posted by cicakman > 2020-07-21 23:04 | Report Abuse

GOM drags,got to pay extra ineterest.
Pay now or later still got to pay
The project will be delayed..
Must settle within 90 days.

No body can see my last 2 cards until
Limit Up Ver 2.0

Posted by lee_m2020 > 2020-07-21 23:08 | Report Abuse

likely a strong investor then... the price wont drop..

Posted by cicakman > 2020-07-21 23:37 | Report Abuse

It is not Batman,Superman,Ironman or Kluangman.
It is Cicakmannnnn...
Please remember me too :)

Limit Up Ver 2.0

Posted by Uk_ikzer > 2020-07-22 08:07 | Report Abuse

The price n the volume will speak louder. Let see.

Posted by kevinwkl > 2020-07-22 08:16 | Report Abuse

Hope today's performance would be good

Posted by cicakman > 2020-07-22 08:44 | Report Abuse

Let them drag for another 1 year,boss got commitment and have money.He cannot be so happy for the 0.35 cts cz just increase stake cannot sell .If he keep money in bank not much compared in Presbhd.

Posted by enchopls > 2020-07-22 09:06 | Report Abuse

let price and volume speak .... yaya... below 0.5 already...haha

Posted by Uk_ikzer > 2020-07-22 09:08 | Report Abuse

Hahaha.. Reverse back..

Posted by cicakman > 2020-07-22 09:18 | Report Abuse

I wait till everything settle.

Posted by Uk_ikzer > 2020-07-22 09:55 | Report Abuse

Good fighting spirit bro.

Now many will have 2nd tought. Sell or hold for now. Mental torture if keep looking at the price movement.

Posted by lee_m2020 > 2020-07-22 10:13 | Report Abuse

hahahahaa.. The gov and the company play their best moves.. really unexpected before...

Posted by lee_m2020 > 2020-07-22 10:18 | Report Abuse

-change the goal post far behind.. change the goalkeeper to be referee, bring a new player to be a goalkeeper and the old referee retired..
-then bring the old white knight to the rescue to fortify the attack team. A knight is the most powerful piece on board.

Posted by lee_m2020 > 2020-07-22 10:19 | Report Abuse

But the last move could be settle out of court or award PRESBHD ... we are all scared all along the way...

Posted by enchopls > 2020-07-22 10:19 | Report Abuse

ok.. then we wait till next year.. meanwhile miss all the chance outside..

Posted by Uk_ikzer > 2020-07-22 10:28 | Report Abuse

Dont put all the eggs in one busket. Multiply the option. All the best

Posted by RoboTop > 2020-07-22 10:53 | Report Abuse

I think yesterday's news that the CEO is going to subscribe 79mil new shares is not actually THE news. The news is not that sensational so as to push the share price above 50c and the volume to more than 1.1 mil. Surely there must be something else that we are still not aware of.
They know when the news is out...ppl will start selling....bcoz ppl normally stick to the maxim " Buy on rumours...Sell on news" So, when something is announced....they thought that was it....and started selling. In actual fact they are now waiting to collect more at lower price when ppl throw. The way I see it ...someone is collecting now at 49c. I believe they will push back above 50c later on bcoz the TA charts still look very positive and very bullish. The volume at the moment is also nothing compared to yesterday's.

Posted by RoboTop > 2020-07-22 10:59 | Report Abuse

If we observe carefully.....only scared retailers are throwing now at 49c.....and someone is slowly collecting at that price.

Posted by Bemillion > 2020-07-22 11:09 | Report Abuse

Hahaa agreed robo...look beyond.... Not just whatever infront

Posted by TokAbah > 2020-07-22 12:01 | Report Abuse

Hope limit up in the afternoon session.

Posted by Solomon7 > 2020-07-22 12:13 | Report Abuse

Good observation Robo. Hope for some excitement after lunch...

Posted by cicakman > 2020-07-22 12:14 | Report Abuse

It is clearly stated that Jan.If cannot wait then sell.
Might be earlier then miss the boat.
If there are better places then go and buy.If make money good then .If lost still ok just take it.
It is just decission making only maa.

Posted by RoboTop > 2020-07-22 12:46 | Report Abuse

I think afternoon will once again break 50c.....and will close green .....moving towards the TP 56c. All the technicals are giving positive signals.

Posted by Howard38 > 2020-07-22 13:43 | Report Abuse

The 15% new share to the CEO is only RM0.35 per share while we are buying in the market @ RM0.50? Good choice?

Posted by thanos2020 > 2020-07-22 13:46 | Report Abuse

@Howard38, of course if you can wait until below 35sen to buy is great but that will be a long time wait... I have been waiting to top up more below 40sen after the correction.....never happened

Posted by cicakman > 2020-07-22 14:59 | Report Abuse

Howard,why are you here?
Just que and wait at 0.16 like rabies.

Posted by Bemillion > 2020-07-22 15:03 | Report Abuse

.Howard38 The 15% new share to the CEO is only RM0.35 per share while we are buying in the market @ RM0.50? Good choice?
22/07/2020 1:43 PM

Hahaaa howarrd... You must be aware that the aquisition deal based on HOA( Heads of Agreement) between both parties prestariang cmpny and its CEO at .35 for a certain purpose and objective.

Pls referred to Bursa Announcenents details.

If you wish to get at that price.. suggested u offer yourself to be ceo.... Heheheee

Posted by Bemillion > 2020-07-22 15:06 | Report Abuse

Please try to understand the rational and why the things happened that way.... There must be reasons behind the move and its legal and allowed within the Bursa ruling....

Posted by cicakman > 2020-07-22 15:07 | Report Abuse

Oleiiii...oleiii Mexican Wave.

Posted by Bemillion > 2020-07-22 15:07 | Report Abuse

Suggest scroll the forum earlier ... Its all there...

Posted by kevinwkl > 2020-07-22 15:08 | Report Abuse

here comes the volume haha

Posted by cicakman > 2020-07-22 15:08 | Report Abuse

Senyioreeee. Senyioreee..limit up.

Posted by cicakman > 2020-07-22 15:12 | Report Abuse

Insider is the co founder,his entitlement are much different.Outsider get from opem market.
Next time ask your bosses why their pay are much much higher than yours.

Posted by Bemillion > 2020-07-22 15:12 | Report Abuse

Yess .testing .52 ... Ppl buying at .52 ...in thousands per shot.... Hot goreng pisang... Something is up the sleeve.. Robotop have mentioned earlier TA indicating upward trend....

Seems its coming ..yess
Limit up in the corner guys

Limit up

Posted by Bemillion > 2020-07-22 15:15 | Report Abuse

The day is shinning

Posted by kevinwkl > 2020-07-22 15:15 | Report Abuse

i've been holding onto my shares for a long time, this will be exciting!

Posted by bjgdila123 > 2020-07-22 15:25 | Report Abuse

fly

Posted by xuxu > 2020-07-22 15:27 | Report Abuse

looks good here hehe

Posted by interferens > 2020-07-22 15:28 | Report Abuse

Judicial commissioner Latifah Mohd Tahar to hear Prestariang Skin's RM733m suit against govt

KUALA LUMPUR (July 21): High Court judicial commissioner Datuk Seri Latifah Mohd Tahar will now hear Prestariang Skin Sdn Bhd's RM732.86 million suit against the Malaysian government over the termination of the RM3.5 billion National Immigration Control System project.

The project is also known as Sistem Kawalan Imigresen Nasional (SKIN).

Latifah had today fixed Jan 21, 22 and 29, 2021 as evidentiary hearing dates for the case following case management, Prestariang Skin’s lawyer Datuk Lim Chee Wee told theedgemarkets.com.

Former High Court Judge Datuk Indera Mohd Sofian Abd Razak was supposed to hear the case this month.

Latifah is now hearing the case following Mohd Sofian’s appointment as Court of Appeal judge.

Prestariang Skin, an operating unit under Prestariang Bhd, initiated the legal action to seek RM732.86 million in damages after the government terminated the RM3.5 billion project that it awarded to Prestariang Skin in 2017.

On June 29 this year, Prestariang said in a Bursa Malaysia filing that the hearing of Prestariang Skin’s originating summons (OS) and cross-examination of the deponents of affidavits in the case was initially fixed on July 1, 2 and 3, 2020.

"During a case management today (June 29), the learned High Court Judge directed that the said hearing dates be vacated due to the elevation of the learned High Court Judge to the Court of Appeal. Prestariang Skin’s OS will be transferred to another High Court Judge and a new case management date will be fixed.

"The company (Prestariang Bhd) will make the necessary announcements on material development in respect of this matter from time to time,” Prestariang said.

https://www.theedgemarkets.com/article/judicial-commissioner-latifah-mohd-tahar-hear-prestariang-skins-rm733m-suit-against-govt